Results tagged “wesleycolwell”

Two witnesses in the Ken Lay/Jeff Skilling trial Monday testified that the failing company often scrambled to find money to help it meet its earnings forecasts — once even stumbling across millions of dollars in a box. If only Houstonist had such luck. more ›

Things didn't go so well for Ken Lay in his trial last week: A former Enron exec testified that ex-Enron Chairman Lay knowingly reported false information about the company's well-being and used the company like an ATM — a high-dollar ATM, of course. more ›

In her third day on the stand in the Ken Lay/Jeff Skilling trial, ex-Enron executive Paula Rieker continued sticking by her story Thursday that Enron leaders gave a false picture of corporate health to try to boost the company's worth. However, she said she never stopped to think about whether she and others in the company were breaking the law by doing so, probably because she was making barrels of money: She said she was... more ›

After a long weekend, we expect the Lay/Skilling trial-ravaganza to return with renewed vigor. Last week, things ended on an upbeat note when the third witness — yes, that's right, three whole witnesses in three weeks! — took the stand. That third witness was accountant Terry West, who started working at Enron in 1981, before it was even called Enron. West testified that her boss was told in 2000 to decrease the company's estimated earnings... more ›

Though ex-Enron Broadband Services head Ken Rice stuck by his story of misleading company directors, employees and analysts with regard to EBS' failing corporate health Thursday, he said he doesn't remember confronting former Enron CEO Jeff Skilling about the deception. Much of Rice's third day on the stand in the trial of Ken Lay and Skilling was spent under cross-examination by Mark Holscher, one of Skilling's lawyers, who tried to undermine some of Rice's accusations about deceptive earnings reports: more ›